Entities eligible for the bonus deduction

section 1.10 & 1.11 - entity that carries on a business with an annual turnover less than $50 million

Eligible expenditures

section 1.13:
- must be for training employees
- must be charged by the registered training provider
- cannot be the small business or associate of the small business claiming it
- between 29 March 2022 7:30pm AEST - 30 June 2024,
1.15 exclusion: Expenditure for training persons other than employees is not eligible for the bonus deduction. For example, the bonus deduction is not available for the training of non-employee business owners such as
- sole traders,
- partners in a partnership
- and independent contractors (who are not ‘employees’ of the business within the ordinary meaning).
  
  ‘Employee’ takes its ordinary meaning, and it is noted that there is extensive case law on the meaning of an ‘employee’.

TREASURY LAWS AMENDMENT (MEASURES FOR CONSULTATION) BILL 2022: SKILLS AND TRAINING BOOST